Procurement Insights

OCTOBER 19, 2023

OFF OR ON CONTRACT BUY? The answer to the question of which is an example of an off-contract buy and which is an example of a product purchased through a centrally negotiated contract may or may not surprise you, depending on the commodity type. Hint: Dynamic Flux or Historic Flatline.

Contract 42

Contract Purchasing Negotiation 42

Procurement Insights

OCTOBER 14, 2023

Note: think of it as buying on a prenegotiated contract from an approved supplier.) An Off-Contract Maverick Remember, “upper management,” e.g. my wife, gave me specific instructions on what to buy – which I had full intention of doing – the key word being intention. per unit!!! Now, let’s consider the $0.50

Contract 83

Contract Procurement Purchasing Price 83

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. The project has been delivered in partnership with Accenture. Learn more at www.ivalua.com. Follow us at @Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

ProcurePort

MAY 12, 2022

In a normal procurement process, buyers, usually organizations or institutions, send their purchase requests to suppliers to inquire about product availability, pricing, and delivery. • The post 7 Contract Management Functions You Can Automate Today and Secure Peace of Mind appeared first on ProcurePort Blog.

Contract management 130

Contract management Contract Management Buyers 130

Procurement Freelancers

AUGUST 19, 2023

Purchasing things and services to satisfy the business’s demands is one ⁠ of the most critical… The post Understanding The Different Types Of Procurement Contracts first appeared on Procurement Blog | Procurement & Supply Chain News.

Procurement contracts 95

Procurement contracts Contract Procurement Purchasing 95

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

ProcurePort

AUGUST 24, 2021

Can purchase order management software improve efficiency for procurement teams? The post Efficient Purchase Order Management Software appeared first on ProcurePort Blog. The question of efficiency is one that every procurement team is seeking answers for. The more suppliers you have to […].

Purchase orders 130

Purchase orders Purchasing Chief Procurement Officer Management 130

Una

DECEMBER 6, 2022

8 No-Brainer Reasons to Join a Group Purchasing Organization. 8 Reasons to join a group purchasing organization. We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). By Hugo Britt | December 6, 2022. Here’s why. There are zero costs or fees.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Supply Chain Game Changer

OCTOBER 12, 2022

Effective Sales Contract Lifecycle Management Best Practices! Therefore a supply chain contract or sponsorship agreement would be best in such instances. Your legal team can draft the legal documents you need for a supply chain contract. Alternatively, you can also search online for contract templates. Subscribe Here!

Contract 108

Contract Supply Chain Optimization Supply chain Quantity 108

Spend Matters

JUNE 19, 2023

In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms. What does a contract lifecycle management solution do? Top 5 Contract Lifecycle Management tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 91

Contract Management Negotiation Real-time Visibility 91

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Contract management 93

Contract management Contract Import Management 93

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Written by: Procurify.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

SCMDOJO

JUNE 3, 2022

And that’s no other than a purchase order. It’s hard to ignore how important Purchase Orders (POs) are to growing retail businesses. But what exactly is a purchase order , and why do CPAs need one? We’ll also look into the many benefits you can get by using a purchase order system. What Is a Purchase Order?

Purchase orders 102

Purchase orders Purchasing Quantity Buyers 102

ivalua

APRIL 1, 2020

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals. Consus Global.

Contract 147

Contract Sourcing Supply Chain Efficiency Supply chain 147

ivalua

APRIL 1, 2020

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals. Consus Global.

Contract 130

Contract Sourcing Supply Chain Efficiency Supply chain 130

ProcurePort

FEBRUARY 23, 2022

Category management (purchasing) in procurement refers to the grouping of related spend items together with a view of finding value opportunities. Categories can be vendors, country of origin, price, volume, or even frequency of purchase. The post What is Category Management (Purchasing) and How Do You Use It?

Category management 130

Category management Purchasing Management Price 130

Barkers Procurement

JANUARY 29, 2024

2024 Contract Negotiation Guide. In procurement, you have to negotiate the contracts to get the best deal for your organisation; however, this is going to be much harder in 2024. Do you have a contract to negotiate for your project? Then find below our 2024 Contract Negotiation Guide. But we don’t live in a perfect world.

Negotiation 52

Negotiation Contract supply chain budgeting Price 52

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. For most of us, 2020 was no time to purchase a new car or book a future trip to Disneyland. A group purchasing organization (GPO) leverages the collective buying power of its members to obtain volume discounts from suppliers and retailers. in April 2020. Related Posts.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Procurement Templates

MARCH 7, 2024

It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services. Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Procurement Insights

APRIL 21, 2024

Vendor Irrationalization Before answering that question, read the following excerpt from an April 2009 paper, “Utilizing an Intelligent Filtering Platform to Enhance Contract Performance (A Procurement Insights Knowledge Leadership Publication).” In Canada, the number of off-contract purchasing reached a staggering 79 percent.”

Contract 61

Contract Leadership Purchasing Price 61

TYA Suite

DECEMBER 16, 2022

You may have seen people use procurement and purchase interchangeably. Now, how do you differentiate procurement vs purchase these terms? To differentiate these terms, you need to understand the definition of procurement and purchase these terms. Now, let's look at the key differences between procurement and purchase.

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

The Good Spending

APRIL 30, 2023

A contract projects an economic exchange into the future. This simple definition suggests that a contract doesn't disappear upon its execution, just like some colleagues believe when they leave their contracts poorly recorded and unmanaged the moment they sign them. Truth: CLM is beneficial for organizations of all sizes.

Contract 52

Contract Management e2e Negotiation 52

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

World of Procurement blog

APRIL 23, 2024

It is a complex journey from identifying needs to managing contracts and supplier relationships. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased. The PO specifies the items or services to be purchased, quantities, prices, delivery dates, and other terms.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

It is a complex journey from identifying needs to managing contracts and supplier relationships. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased. The PO specifies the items or services to be purchased, quantities, prices, delivery dates, and other terms.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is purchasing? For example, by creating and fulfilling purchase orders and arranging payment for goods. Before we begin.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Value Match

AUGUST 11, 2022

Contract for Change. Management of PPE Contracts. The Department of Health and Social Care has been managing the PPE contracts it entered in 2020 to reduce its risk and minimise losses to the taxpayer. 176 contracts are at risk of not achieving value for money with total amount at risk being £2.7 Categories. Case Study.

Contract management 52

Contract management Contract Management Bidding 52

Procurify

JUNE 21, 2022

In order to float and not sink in the current business environment, companies may need financing solutions to deliver purchase orders. Thus, when a company lacks liquidity, purchase order financing can help. The importance of purchase orders. First, every buyer sends a purchase order to their supplier to make an official order.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

The Procuretech Podcast

SEPTEMBER 5, 2023

Kindt developed a contract lifecycle management platform in response to the lack of effective solutions in the market. He believes that many companies focus too much on the pre-contract signing phase and neglect the post-signature phase, which is where 80% of contract lifecycle management occurs. 00:11:01] The Holy Triangle. [00:14:09]

Contract 40

Contract Contract management Management Negotiation 40

Procurement Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Barkers Procurement

JUNE 28, 2023

Mastering Contract Negotiation – A How-To Guide – In a perfect world, a supplier would just provide you with their service or product at the price you want without any hesitation. Do you have a contract to negotiate for your project? Then find below our useful contract negotiation guide.

Negotiation 52

Negotiation Contract Price Suppliers 52

Procurement Templates

APRIL 5, 2024

Dynamic Purchasing System (DPS): – Similar to framework agreements but allows for new suppliers to join at any time. Include key milestones such as tender release, evaluation, and contract award. Option 1 Do Nothing Option 2 Contracts Finder (tender above £30k inc. List the framework’s available.

Bidding 130

Bidding Negotiation Suppliers Contract 130

The Procuretech Podcast

APRIL 5, 2022

We're diving in again to the ever-expanding contract management space this week, looking at a piece of software that straddles the murky waters between procuretech and legaltech. Utilising AI to speed up and simplify your contract clause redlining process. This can be applied on both native contracts and third party documents.

Contract 52

Contract Contract management Negotiation Procurement 52

Procurement Insights

OCTOBER 27, 2023

However, the same individual concluded that “one strategic business thinker with the right skills and capabilities is worth 10 or 12 of your normal, run-of-the-mill purchasing people.”

Contract 67

Contract Procurement Buyers Purchasing 67

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Delivery and Logistics The status of goods and services purchased, such as their delivery timelines, transportation times, or receipt is monitored. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178